SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 14, 2011
(Registrant's telephone number, including area code): (212) 785-2500
(Former Name or Former Address, if Changed Since Last Report): None
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
[_] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[_] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Item 8.01 Other Events
Eagle Bulk Shipping Inc. (the “Company”) has been made aware of a purported shareholder derivative action attempting to set forth claims on behalf of the Company against certain of its present and former officers and directors. The complaint asserts, among other things, breach of fiduciary duty involving adjournment of this year’s annual meeting of shareholders, compensation policies and the arrangements between the Company and Delphin Shipping LLC. The complaint has been filed in the United States District Court for the Southern District of New York. The Company is reviewing the allegations in the complaint but believes them to be without merit and intends to defend the action vigorously.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
SK 25083 0001 1166070